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Do's and Dont's for Delivery Instuction Booklets for Stock Issuance Through a DP

Posted By On 6/21/2008 10:20:00 PM Under
1. One must make sure that one thoroghly scrutinises the demat statement for the transactions and holding as the onus lies on the individual to bring any error to the notice of the issuing agencey.

2. One must safely keep the delivery instruction book issued. It is also like a blank cheque book.

3. Ensure that your client id is pre stamped on the delivery instruction notebook. Also ensure that the DIS number is pre printed.

4. Ensure that the securities number is recorded with you before being sent for dematerialisation.

5. Always make sure that one first of all checks the demat performanc of the issuer company with the DP before sending the securities for dematerialisation.

6. ENsure that the ISIN number is mentioned correctly for the securities, else check the same with DP.

7. Ensure that the corre ctions and alterations are duly initialled by you on the delivery slip else it may get rejected leading to stocks being auctioned due to non delivery in time.

8. Always sign in the same order in delivery instruction book as the stock holders holding the stock.

9. Strike out blank space in the delivery instruction book.

10. Try to avoid overwriting and cancellation, erasing in the delivery instruction book.

11. Remember execution of power of attorney with the DP or broker is not mandatory. Understand the implication of signing the power of attorney.

12. Use freeze facility for stocks if one is not trading very often.

13. Do not sign delivery instruction slip in blank.

14. Issue delivery instruction boo from your personal account.

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